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20121205
20121213
Search Results 0 to 9 of about 10 (some duplicates have been removed)
issues around the fiscal cliff. we think it is really important that they get something done because, obviously, if tax rates go up on middle-class americans come next month, it will be bad for those middle-class americans, it is will be bad for our states, and we're concerned about both the fiscal side and the economic growth side. >> susie: so talk to us a little bit about what kind of deal you would like to see. what were you proposing to the president? >> let's put it this way, if money is just shifted from the federal government to the states, that's not really saving anything. and the president understands that. we think it is really important. recognizing if there are cuts in funds, there ought to be a corresponding reduction in some of the requirements that are put on the states. so we really, as much as anything else, wanted to make sure that our voices are heard and that as decisions are made, whether it is about taxes, whether it is about spending cuts, that they be done equitably and with our input. >> susie: your state is headquarters to many large american companies. an
deficit... who were touting a phantom menace known as the fiscal cliff. am i right about that? >> fiscal cliff is not a phantom menace. the deficit right now is. the notion that something terrible will happen if we don't deal with the deficit right away. the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding back into recession. we set ourselves up with the land mine and the road in front of our economy which is not based on anything real, it's just based on our politicalness. >> ifill: speaking of political mess, both sides have what they say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the re
on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >> well, the number one is hope i can live my life to the last and still have enough capital to keep me going. and a lot of investors are running up against the same thing. they're running out of capital because yields are so low in the
the fiscal cliff. it was the fifth straight session of gains, with the buyers out at the opening bell. the index lost some momentum around 2:30 eastern time, something traders blame on comments from senate majority leader harry reid. reid said it would be extremely difficult to get legislation averting the fiscal cliff through the senate before christmas. with today's seven-tenths of a percent gain, it brings the index back to a level last seen on election day. for the year, its up 13.5%. trading volume increased to 691 million shares; just over 1.9 billion shares on the nasdaq. the technology sector was back in the leader position, up 1.4%. health care and telecommunications were up 1%. with the tech sector up, apple was helping out as it rebounded a little from its recent sell- off, but on lighter volume. shares rose 2.1%. piper jaffray's apple analyst predicts a more steady stock rally next year, and he's sticking with his $900 price target. it was a pair of business software firms that had the best percentage gains inside the tech sector. citrix systems jumped 4.8%, closing at a t
. don't go over a fiscal cliff." or, you know, "pay our bills," or, "do something about the budget." now, i think even though the people tend to not be open to a lot of different views, they want the people they elect to make government work. >> so, we have created a political system that rewards intransigence. >> we've created a system that says, "we reward incivility. we reward refusal to compromise. we punish people who compromise and are civil and get along well with the people on the other side of the aisle." so, why are we surprised that that's what we get in everything in life? you get what you reward. and you don't get what you punish. and that's what we've done to our political system. >> what's in store for the fate of a democracy that cannot be flexible enough to compromise between its strongly-held prejudices? >> you know, if you have hardening of the arteries, it'll kill you as a person and it'll kill you as a country. what you have to do is to be able to maintain the health of the democracy by saying, "it depends on people of different perspectives to come together, have in
Search Results 0 to 9 of about 10 (some duplicates have been removed)